Paycheck Protection Program — CARES Act Emergency Funding, Apply by June 30 (Biz2Credit)

Summary

A Biz2Credit page headed "CARES Act Emergency Funding" that invites businesses harmed by the pandemic to apply for a loan under the CARES Act Paycheck Protection Program, with an "Apply by June 30 th" deadline for loan forgiveness. It says loans can range up to $10 million and that companies can receive up to 2.5x their average monthly payroll amount. The page asks applicants to prepare IRS Form 940, IRS Form 941 and business tax returns, among other documents, and says a Funding Specialist will get in touch to complete the process. Its disclaimer states that loans are not guaranteed and are issued at the sole discretion of the lender, and that Biz2Credit is not a lender.

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Paycheck Protection Program

CARES Act Emergency Funding – Apply by June 30 th to Qualify for Loan Forgiveness

If your business has been harmed by the global Coronavirus pandemic, you can get financial assistance. Biz2Credit is offering support for businesses that need it. Apply now for a loan under the CARES Act Paycheck Protection Program.

DISASTER HOTLINE: 855-415-4632

DISASTER LOANS INFO

The United States Congress recently passed the 2020 CARES Act which will make up to $350 billion in loans available to small businesses impacted by Coronavirus.

Loan forgiveness for these loans is available for businesses that meet the requirements of the Paycheck Protection Program and maintain or restore their payroll volumes to pre-crisis levels.

These loans are meant for businesses trying to maintain payroll levels. Companies can receive up to 2.5x their average monthly payroll amount.

For those who qualify, loans can range up to $10 million and must be submitted by June 30th .

BE PREPARED TO APPLY

Loans under the Paycheck Protection Program have unique documentation requirements that business owners must meet. Please be prepared to provide the following before you apply.

- IRS Form 940
- IRS Form 941 (payroll)
- Business Tax Returns
- Payroll Summary Report
- Entity Formation Documents

The Paycheck Protection Program Loan Process

Step 1

Fill Out the

PPP Application

Step 2

Upload Requried

Documentation

Step 3

Lender Verifies

Information

Step 4

The SBA Accepts

Your Application

Step 5

Get Funds in

Your Account

After 8 Weeks

Loan Forgiveness

Eligibility Verified

Fast Online Process

Complete loan application for the Paycheck Protaction Program online. Upload your required document and fill in a short questionnaire about your business. It's fast and secure. A Funding Specialist will get in touch with you to complete the process.

Disclaimer: Please note that loans under the Paycheck Protection Program are not guaranteed and are issued at the sole discretion of the lender in conjunction with SBA or other governmental agency guidelines. Any loan issued is governed by definitive documentation of the lender and is also subject to Biz2Credit's Business Finance Terms of Service. Biz2Credit is not a lender.

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